Private Equities
SWF

Sovereign Wealth Funds

State-owned funds that anchor and co-invest at scale.

LP & Institutional CapitalInvestor typeGlobal
Target market
Buyout, growth, credit and real assets globally
Geography
Global

Overview

Sovereign wealth funds invest national reserves and surpluses across global private markets, often writing very large commitments and co-investing alongside managers. Their scale makes them cornerstone LPs and strategic partners for the biggest funds.

Key facts

  • Invest state reserves and commodity surpluses
  • Capable of very large single commitments
  • Frequently anchor funds and take co-investment rights
  • Examples include GIC, ADIA, Mubadala and PIF

More in LP & Institutional Capital

CAL

CalPERS

Notable

Firm

The largest U.S. public pension and a bellwether LP.

Buyout, growth and co-investment programs globallyView
CST

CalSTRS

Firm

California's teachers' pension and a major PE allocator.

Buyout, growth and private-markets funds globallyView
GIC

GIC

Notable

Firm

Singapore's sovereign fund and a leading global LP.

Buyout, growth, credit and real-asset funds globallyView